Pacific Archives - International Finance

China and India to drive global growth in ATMs

International Finance DeskNovember 21, 2016

by International Finance DeskNovember 21, 2016

The growth will be driven by large sections of the population that will open bank accounts for the first time IFM Correspondent November 21, 2016: Globally, the number of ATMs rose by 5% in 2015, to touch 3.2 million units by the end of the year. The majority of growth in the global ATM market...

Fintech

VocaLink to make a push in Asia Pacific

International Finance DeskSeptember 13, 2016

by International Finance DeskSeptember 13, 2016

Appoints Don Chow to lead Business Development in the region September 13, 2016: VocaLink, the global payment partner to banks, corporates and governments, has announced that Don Chow has joined the firm as Senior Vice-President, Asia Pacific. Based in Singapore, Don will be responsible for business development throughout Asia Pacific, working across the full range...

Economy

World Bank cuts global growth outlook

International Finance DeskJune 9, 2016

by International Finance DeskJune 9, 2016

Move prompted by low commodity prices and sluggish growth in advanced economies IFM Correspondent June 9, 2016: The World Bank has downgraded its 2016 global growth forecast to 2.4 percent from 2.9 percent, which was projected in January. The move was prompted by sluggish growth in advanced economies, low commodity prices, weak global growth and...

Economy

More concern about Chinese economy

International Finance DeskOctober 23, 2015

by International Finance DeskOctober 23, 2015

Survey reveals uptick in late payment of B2B invoices October 23, 2015: Concern over China’s economic performance persists, causing a further downward revision of its 2016 growth forecast from 6.9% this year to 6.7% in 2016. Atradius survey shows an uptick in late payment of B2B invoices in China. This can have a knock-on effect on...